• 38273
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Sep 28, 2020
  • Supporting our market facing underwriters and leadership in continued growth and profitability of the Programs/MGA businesses.
  • Pricing new and renewal programs and MGA risks.
  • Creating and updating portfolio monitoring/measurement tools.
  • Working with actuarial colleagues across the line of business pricing functions, finance actuaries, financial analysts, programs/MGA actuaries, and more.
  • Calculate premiums and/or reserves for new and/or existing products.
  • Review summary datasets.
  • Perform statistical analysis.
  • Research and analyze loss experience, loss trends and expenses.
  • Research and analyze loss and expense reserves.
  • Support the development of rates, rating plans and pricing and portfolio management strategies.
  • Develop rate indications and evaluate pricing levels.
  • Provide guidance to and review work of less experienced actuaries.
  • Pass Applicable Actuarial Exams, as required.
  • Provide analytical support and actuarial expertise to a project team to determine potential benefits, clarify the rationale for investment and support the planning process.
  • Employ a range of statistical techniques to determine trends and assess potential business benefits and/or risks associated with a defined product category or area of the business.
  • Independently monitor and analyze data according to tools, methods and formats and recommend appropriate action to mitigate risk and optimize business benefits.
  • Utilize and develop spreadsheets and other office systems to deliver a range of standard reports and analyses which enable an assigned area of the business to implement pricing policy/assess performance of a product category.
  • Research best actuarial practice and review and analyze detailed business models to support senior management in developing and improving processes and systems.
  • Provide specialist advice to address specific technical queries from internal clients in an assigned area of the business and deliver appropriate solutions, in line with the organization's policies and processes and regulatory requirements.
  • Undertake research to source information for use by colleagues in the analysis of competitor pricing strategy and other competitor practices.
  • Model behaviors that demonstrate commitment to corporate values.
  • Provide input into performance management discussions of project team members.
  • Coach and provide technical advice and counsel within and outside operating unit.
  • Provide guidance and support for team members.
  • Take action to manage own personal development and encourage others to do the same.
  • Bachelor’s Degree in Mathematics/Statistics or Actuarial Science and 5 or more years of experience in the Actuarial area.
  • ACAS or equivalent international certification.
  • Preferred:
  • Experience in multiple functional areas and knowledge/skills reflective of a senior practitioner.
  • Strong verbal and written communication skills.